The Kraft Heinz Company Cash Flow Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 27, 2025	Dec '24 Dec 28, 2024	Dec '23 Dec 30, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 25, 2021	Dec '20 Dec 26, 2020
Net Income	-4,366	2,744	2,855	2,363	1,012	356
Depreciation & Amortization	951	948	961	933	910	969
Loss (Gain) From Sale of Assets	47	81	-4	-25	-44	2
Asset Writedown & Restructuring Costs	10,688	3,669	662	913	1,634	3,399
Stock-Based Compensation	96	109	141	148	197	156
Other Operating Activities	-2,937	-2,778	167	-380	1,249	-411
Change in Accounts Receivable	-109	-139	18	-228	87	-26
Change in Inventory	181	-6	-106	-1,121	-144	-249
Change in Accounts Payable	-44	-308	-295	152	408	207
Change in Other Net Operating Assets	-33	-136	-423	-286	55	526
Operating Cash Flow	4,474	4,184	3,976	2,469	5,364	4,929
Operating Cash Flow Growth	7.75%	5.23%	61.04%	-53.97%	8.82%	38.77%
Capital Expenditures	-843	-1,024	-1,013	-916	-905	-596
Cash Acquisitions	-	-	-	-481	-74	-
Divestitures	12	8	-	88	5,014	-
Sale (Purchase) of Intangibles	-	-140	-	-	-	-
Other Investing Activities	51	133	97	218	3	74
Investing Cash Flow	-1,784	-1,023	-916	-1,091	4,038	-522
Short-Term Debt Issued	-	-	150	228	-	4,000
Long-Term Debt Issued	-	594	657	-	-	3,500
Total Debt Issued	1,620	594	807	228	-	7,500
Short-Term Debt Repaid	-	-	-150	-228	-	-4,000
Long-Term Debt Repaid	-	-618	-848	-1,465	-6,202	-4,697
Total Debt Repaid	-688	-618	-998	-1,693	-6,202	-8,697
Net Debt Issued (Repaid)	932	-24	-191	-1,465	-6,202	-1,197
Repurchase of Common Stock	-885	-988	-455	-280	-271	-
Common Dividends Paid	-1,903	-1,931	-1,965	-1,960	-1,959	-1,958
Dividends Paid	-1,903	-1,931	-1,965	-1,960	-1,959	-1,958
Other Financing Activities	131	-65	-67	-9	-912	-176
Financing Cash Flow	-1,725	-3,008	-2,678	-3,714	-9,344	-3,331
Foreign Exchange Rate Adjustments	-2	-71	-19	-69	-30	62
Net Cash Flow	963	82	363	-2,405	28	1,138
Free Cash Flow	3,631	3,160	2,963	1,553	4,459	4,333
Free Cash Flow Growth	15.60%	6.65%	90.79%	-65.17%	2.91%	55.64%
Free Cash Flow Margin	14.43%	12.23%	11.12%	5.86%	17.12%	16.55%
Free Cash Flow Per Share	3.05	2.60	2.40	1.26	3.61	3.53
Cash Interest Paid	906	906	896	937	1,196	1,286
Cash Income Tax Paid	967	967	932	1,260	1,295	1,027
Levered Free Cash Flow	2,780	2,179	2,428	1,465	4,699	2,748
Unlevered Free Cash Flow	3,365	2,749	2,998	2,040	5,979	3,620
Change in Working Capital	-5	-589	-806	-1,483	406	458

Source: S&P Global Market Intelligence. Standard template. Financial Sources.